Jump to content

AAVE /U.S.dollar(AAVEUSD) Elliott Wave Technical Analysis 24 January 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 24 January 23,

AAVE /U.S.dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Wave ((1)) of Motive

Details: Wave(3) may end at 91.31 the price move to wave (4) before increase agin in wave (5)

Wave Cancel invalid Level: 51.089

AAVE /U.S.dollar(AAVEUSD) Trading Strategy: AAVE Token recovered well from the 50.40 level and was able to cross the MA200 line indicating an uptrend is forming. Elliottwave structure is in the correction of wave 4, the short term still has a slight increase in size. before the price rests again.

 

AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod

 

1653085456_AAVEDay.thumb.png.13426814f7b63c1fd900aac9fca6e3f2.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 24 January 23,

AAVE /U.S.dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 4

Direction Next higher Degrees: Wave 4 of Motive

Details: Wave 4 tends to extend sideways. But should not fall back below 67.29

Wave Cancel invalid Level: 67.29

AAVE /U.S.dollar(AAVEUSD) Trading Strategy: AAVE Token recovered well from the 50.40 level and was able to cross the MA200 line indicating an uptrend is forming. Elliottwave structure is in the correction of wave 4, the short term still has a slight increase in size. before the price rests again.

AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.

347406977_AAVEH4.thumb.png.2d655bf594eae825f321bd05fa44161d.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,195
    • Total Posts
      90,731
    • Total Members
      41,305
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    sbehdadkia
    Joined 30/01/23 19:24
  • Posts

    • Trying to buy First Trust Nasdaq Cybersecurity ETF (CIBR) but the order keeps getting rejected, even with Order type = limit and expiry = Day (all  sessions).  Please advise.
    • @MongiIG How long does it take to reply to a simple question?
    • Look Ahead to 31/1/23: Big data from the US, China, Japan; PFE, XOM, AMD earnings Ahead of the Fed meeting and the key US jobs report, investors get set to digest retail sales numbers from Germany and Japan. Plus, look out for consumer-related data from China, France, and the US. Earnings see Pfizer (PFE), Exxon Mobil (XOM) and Advanced Micro Devices (AMD) hand in their Q4 report cards.   Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 30 January 2023        
×
×
  • Create New...